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IMI

Intermolecular

$1.18

-0.01 (-0.84%)

08:55
02/13/19
02/13
08:55
02/13/19
08:55

Intermolecular guidance does not overshadow contract momentum, say Lake Street

Lake Street analyst Jaeson Schmidt says that while he was expecting a stronger Q1 outlook from Intermolecular, he does not believe the story has significantly changed. The company remains on track to see growth resume this year, Schmidt tells investors in a post-earnings research note titled "Softer Guidance Should Not Overshadow Continued Contract Momentum And Attractive Valuation; Reiterating BUY Rating And $3 PT." Further, he's encouraged by the new customer contract and the "strong" gross margin expected in Q1 and throughout this year. Schmidt continues to like the risk/reward opportunity for Intermolecular shares and keeps a Buy rating on the name with a $3 price target.

IMI Intermolecular
$1.18

-0.01 (-0.84%)

06/28/18
LSCM
06/28/18
INITIATION
Target $3
LSCM
Buy
Intermolecular initiated with a Buy at Lake Street
Lake Street analyst Jaeson Schmidt started Intermolecular with a Buy rating and $3 price target. The analyst thinks the company is approaching an inflection point where revenue growth will accelerate and earnings will expand as it emerges from its turnaround and benefits from increasing complexity in the semiconductor manufacturing process. With 34% of the market capitalization in cash, and the stock trading at only 2.5 times tangible book, the shares have a "relatively solid backstop," Schmidt tells investors in a research note.
01/04/19
LSCM
01/04/19
NO CHANGE
Target $3
LSCM
Buy
Lake Street more confident on Intermolecular after management call
After hosting a call with CEO Chris Kramer and CFO Bill Roeschlein, Lake Street analyst Jaeson Schmidt has increased confidence that Intermolecular is positioned to see sustained top line growth and improving profitability this year and next. The analyst continues to like how shares are set up for this year saying growth should no longer be "masked" and year-over-year comps get easier in the second half of 2019. Further, with 58% of the market cap in cash and the recently announced $10M buyback program, there should be a "relatively high floor" on Intermolecular shares in the near-term, contends Schmidt. He reiterates a Buy rating on the stock with a $3 price target.

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